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Economic Analysis
Hicks: Firing of Heritage researcher shows cowardice
May 18, 2013
Mike HicksA recent study by the Heritage Foundation, a conservative think tank, sheds a great deal of light on the sausage mill of policy
research, and the courage and integrity of the process of policy research altogether.
MoreHicks: Root cause of suffering labor market elusive
May 11, 2013
Mike HicksAt the beginning of the Great Recession, in December 2007, there were more than 26 full-time workers for each part-time employee
looking for full-time work. By June 2009, that number had shrunk to less than 15 full-time workers for each part-timer. There
it has remained.
MoreHicks: The real cause of brain drain? Quality of life
May 4, 2013
Mike HicksBrain drain is a genuine problem in Indiana. But instead of slowing this trend, our higher education financing policies accelerate
this problem by pushing more students into majors that are in demand elsewhere.
MoreHicks: Fiscal prudence should be rewarded by tax cuts
April 27, 2013
Mike HicksIndiana enjoys what economists call a “structural surplus” in state tax revenue. This means the several-hundred-million-dollar
surplus is a permanent affair when viewed against current expenditures. It would be astonishing if this did not lead to calls
for a tax cut, and so it has.
MoreHicks: Terror won't bring down a determined nation
April 20, 2013
Mike HicksAlong with the sadness and anger that accompanies the Boston bomb explosions should come the realization that this could well
be our lot for decades to come. We should expect and prepare for the worst.
MoreHicks: Bourgeois dignity and the modern world
April 13, 2013
Mike HicksA most remarkable book, “Bourgeois Dignity: Why Economics Can’t Explain the Modern World,”, says all the
explanations of the explosion of economic growth that occurred about 300 years ago are inadequate.
MoreHicks: Three bad ideas that just won't disappear
April 6, 2013
Mike HicksPerhaps difficult economic times unleash the power of long-discredited ideas into general circulation, because three bad intellectual
influences merit noting—one from the political right, one bipartisan folly and one from the left.
MoreHICKS: Major sea change about the debt under way
March 30, 2013
Mike HicksA public fight has emerged among economists over the past few weeks, which likely spells major policy changes over the coming
years.
MoreHICKS: Still too early to call Iraq war success or failure
March 23, 2013
Mike HicksThe 10th anniversary of the start of the second Iraq war is an opportunity to reflect upon the economics of the conflict.
MoreHICKS: Recent economic data hold little good news
March 16, 2013
Mike HicksMost government statistics are preliminary releases, intended to be revised, so they provide a poor picture even to someone
with clear context on their meaning.
MoreHICKS: Economy will get worse before it gets better
March 9, 2013
Mike HicksThe dramatic reintroduction of payroll taxes makes this year’s tax increase most injurious to the working poor and the
lower-to-middle-income families.
MoreHICKS: Economic evolution requires ongoing flexibility
March 2, 2013
Mike HicksI am often asked some version of the question, “Can we really survive becoming a service economy—won’t our
loss of manufacturing jobs spell doom for our country?” The answer is, “No.”
MoreHICKS: Stagnant pay for low-wage workers a problem
February 23, 2013
Mike HicksHidden within the unserious politics of the minimum-wage debate lies an important discussion of why many workers have not
seen their wages grow over the past generation. It simply takes some digging.
MoreHICKS: Let's try a $25 minimum wage to end poverty
February 16, 2013
Mike HicksAs the president noted, no one should doubt that raising a family while earning minimum wage is a hard business; perhaps that
is why almost nobody does it.
MoreHICKS: Why stock prices rise in a shaky economy
February 9, 2013
Mike HicksThe stock market highs over the past few months have many folks confused.
MoreHICKS: You can stop wondering ... the recession is here
February 2, 2013
Mike HicksSometimes the worst part of the economic forecasting I do is the sinking feeling that my predictions will be right.
MoreHICKS: Middle class, education and income inequality
January 26, 2013
Mike HicksThe United States has always had something like a middle class, but for most of our history it has been a distinction not
necessarily dependent on income or wealth.
MoreHICKS: Leaders steer us toward government shutdown
January 19, 2013
Mike HicksWe appear to be headed for a government shutdown as our leaders in Washington, D.C., find themselves at an impasse on the
largest question facing the nation: how to cut spending.
MoreHICKS: Why is the unemployment rate still so high?
January 12, 2013
Mike HicksThe Great Recession wasn’t caused by a housing market collapse; it was more than that. Our economic unwinding required
lots of failures.
MoreHICKS: More budget failures despite missed cliff
January 5, 2013
Mike HicksIt was clear the poison pill of the fiscal cliff required too much courage for our “leaders” in Washington. So,
we will have what, at first blush, appears to be the worst possible compromise.
MoreHICKS: Time to take stock of Mitch Daniels' tenure
December 29, 2012
Mike HicksNo matter your politics, you must admit that Mitch Daniels has been the most consequential Hoosier governor in more than a
lifetime.
MoreHICKS: Let's all maximize utility over the holidays
December 22, 2012
Mike HicksThe vintage and durability of classic Christmas songs carry an important economic lesson for our times.
MoreHICKS: Economic forecasts entertaining, but usually wrong
December 15, 2012
Mike HicksThis is the season of economic forecasts, for which there are many uses beyond their pure entertainment value.
MoreHICKS: Perhaps it is time for Americans to pay our debts
December 8, 2012
Mike HicksOur republic can—and probably should—run a debt. As a great nation, we build and do things that endure, and these
should be paid for, in part, by successive generations.
MoreHICKS: Demagoguery and the truth about taxes
December 1, 2012
Mike HicksThe popular media lately has been full of astonishing piffle with regard to taxation—so much so that a reasonably smart
listener might suppose there was some magnificent disagreement among economists, like there is among lawyers in a court case.
That is not the case.
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"And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.
No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.
Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.
Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html
This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.